Rip Road Capital Partners LP Boosts Stock Position in SunOpta, Inc. $STKL

Key Points

• Rip Road Capital Partners LP increased its stake in SunOpta, Inc. by 213.2%, acquiring an additional 340,914 shares, which now comprise approximately 2.7% of its investment portfolio.
• SunOpta reported a $0.04 EPS for the quarter, exceeding expectations and showing a revenue surpassing analyst estimates at $191.49 million.
• Institutional investors collectively own 85.39% of SunOpta’s stock, indicating strong institutional confidence in the company.

Rip Road Capital Partners LP raised its stake in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 213.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,814 shares of the company's stock after acquiring an additional 340,914 shares during the period. SunOpta accounts for approximately 2.7% of Rip Road Capital Partners LP's portfolio, making the stock its 14th largest position. Rip Road Capital Partners LP owned approximately 0.43% of SunOpta worth $2,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC lifted its position in SunOpta by 11.9% during the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock worth $80,000 after acquiring an additional 1,747 shares during the period. State of Wyoming acquired a new stake in shares of SunOpta during the first quarter worth $81,000. Bayesian Capital Management LP lifted its holdings in shares of SunOpta by 15.2% during the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after purchasing an additional 1,523 shares during the period. Quantbot Technologies LP purchased a new position in SunOpta in the 1st quarter valued at $123,000. Finally, Algert Global LLC acquired a new position in SunOpta in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Stock Performance

SunOpta stock traded up $0.17 during trading hours on Thursday, reaching $6.39. 398,557 shares of the stock were exchanged, compared to its average volume of 847,233. SunOpta, Inc. has a 52-week low of $3.64 and a 52-week high of $8.11. The stock has a market cap of $755.23 million, a P/E ratio of -106.50 and a beta of 1.35. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96. The firm's 50 day moving average is $6.22 and its 200 day moving average is $5.66.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The firm had revenue of $191.49 million during the quarter, compared to analysts' expectations of $185.36 million. Analysts predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.